B.have already checked in
C.had already checked in
You are a U.S. investor and currently have a portfolio worth :100 million in German bonds. The current spot exchange rate is €2/$. The current one-year market interest rates are 6 percent in the euro area and 10 percent in the United States. One-year currency options are quoted with a strike price of $0.50/€; a call on euros is quoted at $0.01 per euro, and a put on euros is quoted at $0.012 per euro. You are worried that inflation in euro area will cause a drop in the euro. You consider using forward contracts or options to hedge the currency risk. a. What is the one-year forward exchange rate $::? b. Calculate the dollar value of your portfolio, assuming that its euro value stays at €100 million; use $:€ spot exchange rates equal in one year to 1.6, 1.8, 2, 2.2, and 2.4. First consider a currency forward hedge, then a currency option insurance. c. What could make your forward hedge imperfect?
If you have a good neighbor, you are a lucky person. You have someone who cares about your needs and your property (房产), who is helpful in the little day-to-day situations that come up, and who is supportive in difficult times. A good neighbor is someone who, for instance, understands that your children may sometimes run across his lawn (草坪), even though you tell them not to. He’ll realize that children can be careless about things like that, and he won’t make a big fuss (大惊小怪) about it unless it becomes a regular thing. In the same vein, he knows that you’ll understand if some of the trash from his trash cans blows across into your yard. A good neighbor is also respectful of your property. For example, he asks your permission before doing anything that gets in your way. This means he wouldn’t plant a huge tree between your houses without asking how you feel about it. If he wants to put up a fence, he would let you know first. He might work with you to decide where it should be placed. A good neighbor would lend you some milk if you ran out. He’d give you a ride to work if your car was broken, and let your children stay at his house in the evening if you got stuck working overtime. You would do the same for him. Both of you would help make the other’s life easier. When something really awful happens to you, like a death in the family, a good neighbor will offer to help in any way he can. This could mean something small, like making some food to put in your fridge to feed visiting relatives. Or it could mean something big, like helping you get through the sadness of the funeral. I think only someone who has experienced a bad neighbor can really appreciate a good one! A good neighbor can be a good friend. He can make a total difference to your life. Question: Why does the author think it lucky for one to have a good neighbor?
A、Because a good neighbor can help clean your home.
B、Because a good neighbor can take good care of you.
C、Because a good neighbor can hardly be found these days.
D、Because a good neighbor can support you in various situations.
此题为判断题(对,错)。
Are all your photographs good? Be honest with yourself. Aren ’t some of your pictures too dark, and others too light? How many times have you thrown away a photo? We, the Fine Photograph Club, can help you. We meet every Wednesday in our comfortable club room in Bridge Street. At 7:30 p.m. a member of the club or a visitor would give a talk, and then we have coffee. Our members will advise you on all the latest cameras and films. They will help you to develop your films or enlarge your pictures. What does it all cost? Only 5 pounds a year.
Photography is now a big business. Do you know, for instance, that there are 15 million cameras in our country? And that 700 million photographs are taken a year, more than one-third of them in color? Think of the amount of photography in television, the cinema, newspapers, books, advertisements and so on. In modern life people learn a lot from pictures, so photography is more and more important. It is also more complicated and more expensive than it used to be. You may only want to take good photographs of faces and places. If so, we can help you to get better results. You needn’t waste any more money. If you want to learn more about photography and how it is used, join the club please. You won’t be disappointed. Write now to the Secretary, Fine Photograph Club. Bridge Street.
The purpose of passage is to _____.
A.show people how to take fine pictures
B.tell people photography is now a big business
C.tell people the club can do many things for you
D.encourage people to join the photograph club
If you want to join the club, you _____.A.must be good at photography
B.must know about the latest cameras and films
C.must pay a little money a year
D.must be honest with yourself
You are able to be honest so that you can_____.A.say if your photos are good or bad
B.tell how much money you waste
C.help the Fine Photograph Club
D.know the latest development in cameras
The club can give the following service except _____.A.coffee
B.amusement
C.advice
D.information
Which statement of the following is true?A.If you are a member of Fine Photograph Club, it will cost you only 5 pounds to buy a camera.
B.All the members of Fine Photograph Club can take free photographs of faces and places.
C.More than a third of 700 million color photographs are taken a year.
D.If you write to the photograph club, you will be very good at photographing.
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